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Nest

www.nesting.my/

by Team Nest

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Base Target

360,000
Raised
304,833

17 investors

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Early Adoption Discount

1st.

First Tranche

Shares will be sold at a 25 % discount

$0 share value remaining

$0.2 Price/Share

2nd.

Second Tranche

Shares will be sold at a 20 % discount

$0 share value remaining

$0.22 Price/Share

3rd.

Third Tranche

Shares will be sold at a 15 % discount

$0 share value remaining

$0.23 Price/Share

4th.

Fourth Tranche

Shares will be sold at a 0 % discount

$0 share value remaining

$0.27 Price/Share

Minimum investment size 500

How much do you want to invest?

Available for investment $55,167

Number of shares to be purchased

Price/Share before discount

I acknowledge that my investment will be irrevocably committed to the proposal should it reach its minimum target amount as indicated in the term sheet. I understand that this minimum funding threshold is a lower figure than the 100% funding target

By ticking this box I confirm that I understand the nature of the investment being made and I agree to the investor's terms of business .

I have read the risks disclosure document and fully understand and accept the risks of investing in private companies.

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Why Nest?

Why invest?

Notable Press

1) https://www.thestar.com.my/business/smebiz/2019/02/25/new-nest-for-work-and-food 2) http://eatdrinkkl.blogspot.com/2019/03/nest-workplace-restaurant-curve.html 3) http://foodmsia.com/2019/02/fnb-and-coworking-fusion-concept-nest-the-curve-mutiara-damansara/

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The Team

CEO

Executive Director

Operations Manager

Finance Director

Marketing Director

Meet the Team

NEST, a revolutionary concept, merges the food & beverage business with virtual kitchen and coworking, in a single seamless space.

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Proposal ID: 10745
Closing date: 6 Oct 2020
Category: Food and Beverage Food and Beverage
Tags: Accelerator ... Accelerator , Experienced founder, Growth, Revenue generating
Stage: Funded
location: Malaysia

Presence:

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Why Nest?

Nest operates in an evergreen and growing Asia Pacific's F&B market that is estimated to be US$1 trillion in size, where 1 in 4 of the consumer spending is on dining out and more recently, food delivery. The market is expected to double in the next 10 years (by 2026). The coworking space has also witnessed strong growth with an increase of 50% p.a. for the past 4 years.

Virtual Kitchens have seen a meteoric rise in popularity over the past few years, and the increase in food delivery has seen Malaysia become ready to embrace this concept. Nest is a team of experienced F&B entrepreneurs who have run both domestic and international brands, making us the perfect company to take advantage of this opportunity. We have commenced operations of our virtual kitchen, powered by GF Ghostkitchen at our current Curve, Mutiara Damansara outlet in early September 2020.

Our existing co-working spaces have allowed us to take advantage of a captive audience and to test out the initial brands for our virtual kitchens. Since commencement of operations in January 2019, we have generated revenues in excess of RM1 million (US$250k) and we are now ready to expand the concept, including increasing the capacity of the kitchen at one of our existing outlets.

We are also expanding Nest through franchising, growing the captive audience for our F&B business and generating additional revenue without needing to commit shareholder capital to that expansion.

We cordially invite new shareholders to join us on our journey in this fast and exciting Southeast Asian market!

Notable Press

The Business

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A series of virtual kitchens and F&B concepts sat on top of franchised co-working spaces in Malaysia. Achieved in excess of RM1.4 million (US$330,000) sales in the year 2019

Nest primarily operates in the food & beverage industry that is valued at US$1 trillion in the Asia Pacific region where 1/4 of the consumer spending is spent on eating out and food delivery. The historical CAGR of this industry in this region for the past 10 years until 2016 is at 9.8% p.a. and is projected to be at 7.5% p.a. until 2026, surpassing US$2 trillion market size. We see a strong movement towards food delivery, partly organically and partly due to COVID-19, which means that there will be high demand for delivery first concepts such as virtual kitchens, as seen elsewhere in the world.

With US$3 billion already invested in the region for the past 4 years (2013-2017), co-working is experiencing a high growth phenomenon with 50% CAGR between the same period, even so, the penetration rate of coworking is just 3.4% of traditional office space.

We expect the long-term effects of COVID-19 to further encourage remote working, flexible leases, and distributed teams once the dust has settled. We also expect an uptick in emerging entrepreneurs coming out from this economic downswing that would require co-working space leases.

Overall, Nest is positioned well in the 3 pillars of F&B, coworking, and virtual kitchen.

Investments raised will be used in the following manner:
1) Opening of one (1) additional Nest Outlet with Virtual Kitchen focus
2) Expansion of current outlet at the Curve, Mutiara Damansara Outlet for full scale Virtual Kitchen setup (which we have already done and is operational since early September 2020);
3) Capital raising and general working capital expenses.
4) Building a franchise support team

Initial Public Offering (“IPO”), reverse listing or trade sale (exit to sale to a bigger player in the same space). The advisory team has a proven track record from IPOs, sale of asset to private equity firms, trade sale and reverse list. Such exit is profitable and indicatively the F&B and lifestyle industry can command higher price earnings ("PE") multiples ranging from 15x to 30x. Our advisory board will ensure our exit strategy and timeline is adhered.

Eureeca shareholders will also be entitled for a US$180 Nest voucher annually, exchangeable for products and services on all Nest outlets. This is equivalent to a 36% annual yield on a minimum investment size of US$500.

Public documents